Skip to main content

About your Search

Search Results 0 to 18 of about 19 (some duplicates have been removed)
this thing started last sunday. as you say, the president has said he wants this big deal but this thing broke up today, the meeting ended with the president telling these leader toss go back to their members and ask them what do they think can pass and then report back to the president with something that they believe can pass by this saturday morning. they're not even having a meeting tomorrow. now, despite all that i am told by my sources that there's not a lot of optimism that this particular negotiating process here at the white house is going to actually end up leading to the real deal, and a lot of effort and attention is now turning to a different process that's happening in the u.s. senate and another alternate deal that's being worked out between the two senate leaders that could instead end up raising the debt ceiling. a lot of hope is centered there, anderson. >> basically what is that deal? what is that negotiation based on? that's harry reid and mitch mcconnell. >> it's a little complicated but it would effectively raise the debt ceiling which would allow for spending cuts
reporter dovetails neatly with our big question tonight. keeping them honest, if a strong majority of americans is telling washington they want a deal on the debt crisis, they want these guys to compromise with the other side, they want a mix of spending cuts and tax increases. then why isn't washington getting the mage? we've got new polling that says all of that. and this is important. recent polling may also explain why we haven't got an deal yet. we'll tell you what we're talking about. in any case, americans are speaking out today. >> good morning, speaker boehner's office. how may i help you? >> a summer avalanche of phone calls hitting the capitol. president obama asked for it in his address to the nation last night. here it is. house switchboard today getting nearly double the volume of normal phone calls, house speaker baine er's office reporting as many as 300 people on hold for as long as an hour. online the same story. site unavailable. server busy. we found better than one in three congressional web sites either slow or down entirely from all the volume. also multiple
out the president has a big birthday bash scheduled for august 3rd, celebrities flying in from all over. and lo and behold, august 2nd is the deadline for getting something done so that he can have this massive -- maybe the biggest fundraising dinner in history for a birthday celebration. >> and here's iowa congressman steve king. >> it's not default. they've been calling it default to try to stampede people into taking a bad deal here in this congress. the american people understand this. they understand at least intuitively that it would be the president who would willfully default if there's to be a default. i'd like to think the investor markets understand that, too. >> keeping them honest, there's little reason to think that's true. and plenty of people in the gop establishment and the business community sending up warning flairs. officials at the bond rating company standard & poors today briefing freshman republicans about what might happen. political reporting tonight they were cautioned that one possibility is "a death spiral in the bond market". s & p is already on record
rates go up. credit cards, mortgage rates, auto loan rates. you mentioned august 3rd, that big social security payment? according to many republicans, unless we default on an actual debt we don't have to get our debt downgraded. according to s & p and ben bernanke, if you default on any payment you're supposed to make, even if it's not to a bond holder you could face that. >> republicans who say, look, i don't buy it's this big catastrophe waiting to hit after august 2nd. >> reporter: they absolutely could be right. but anderson, you and i were together on september 15, 2008 after they decided a lot of smart people decided to let lehman brothers fail thinking it's not that big of a deal. i don't know which way it's going to go. i don't know if we should be playing with fire like this. >> john, what do you make of jessica's reporting that she's hearing mitch mcconnell is wanting president obama to be at the table in any negotiations? >> as a couple of political reasons for that in the sense that then you can't cut a deal then the white house will say we're going to try this. to move th
amendment? >> well, this has become a very big subject in the law professor world. the 14th amendment is one of the most familiar parts of the constitution, guarantees due process of law, equal protection of the law. but there is frankly a provision in section 4 that i have never paid any attention to before. and it goes like this. section 4 of the 14th amendment said "the validity of the public debt of the united states shall not be questioned". now, i don't know exactly what that means. i don't think anybody knows precisely what that means. but it has been suggested that under that provision, president obama could simply order that the debt be paid and that this crisis be forestalled. he has mostly reject that option, but as far as i've read their statements, they have not completely rejected that option. obama has always said, look, i think this should be dealt with by congress, not by unilaterally under the 14th amendment. but under my reading of their statements, they haven't completely ruled out in a total crisis situation invoking the section of the amendment and ordering the debt pai
or will this cause some bigger conversation? that's a big question. >> and earlier in the week, anderson, we were talking about whether the white house might possibly agree to some kind of a short-term patch of two to three days in order to get the negotiations really moving again. and i think, you know, as the clock ticks i think we have to look back to that scenario and wonder whether that's a possibility again. >> remember all that grand bargain big talk? doesn't that seem like 20 years ago? was that like two weeks ago? >> yeah. although if you talk to some democrats and jessica's been reporting that the white house is still talking about some kind of a grand bargain, right? so it seems like a long time ago. but funny how these things work, right? >> john, gloria thank you. i want to bring in two other perspectives now. on the left democratic strategyist cornell -- and former senate candidate mccain advisor and former hue let pack yard ceo, carly fiorina. carly, just in terms of the politics of, this how do you think republicans are looking at this in terms of the political who's going to get
Search Results 0 to 18 of about 19 (some duplicates have been removed)